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crude oil


Sunday, April 21, 2024
Oil tanker in Ningbo Zhoushan port
Shipping

Oil Supertankers Headed For China Jump To The Highest In A Year

By Bill Lehane (Bloomberg) –Supertankers hauling crude oil to China surged to the highest in almost a year. Some 124 of the vessels are signaling

4 mins ago
Total Views: 40

Monday, March 11, 2024
Aerial photo of an oil tanker at anchor. Stock Photo: Nickeo23/Shutterstock
News

U.S. Leads Global Oil Production for Sixth Straight Year

March 11 (Reuters) – U.S. crude oil production lead global oil production for a sixth straight year, with a record breaking average production of 12.9

March 11, 2024
Total Views: 1561

Friday, January 19, 2024
A tanker transits the Suez Canal. Shutterstock/Anatoly Menzhiliy
Shipping

Europe, Africa Crude Market Tightens on Red Sea Disruptions, China Demand

LONDON, Jan 19 (Reuters) – The Brent crude market structure and some physical markets in Europe and Africa are reflecting tighter supply

January 19, 2024
Total Views: 1445

Wednesday, December 6, 2023
Laden crude oil tanker approaches the port of Qingdao, China in the morning fog. Photo credit: Shutterstock/Igor Grochev
Shipping

US Sanctions Show Early Signs of Disrupting Russian Oil Tankers

(Bloomberg) — US sanctions on a handful of tankers engaged in the Russian oil trade appear to have placed several of the ships in limbo, highlighting the

December 6, 2023
Total Views: 1193

Monday, November 6, 2023
Crude Oil Tanker MT Aegean Unity Transiting New Panama Canal Locks
Shipping

Panama Canal Drought Risks Driving Away Large Oil Tankers

(Bloomberg) — Dry weather is set to force large oil tankers to completely stop using the Panama Canal, requiring the vessels to extend their voyages by

November 6, 2023
Total Views: 5403

two tankers conduct ship-to-ship transfer
Shipping

Iran Oil Flows Fell Sharply Last Month, Tanker Watchdog Says

By Alaric Nightingale (Bloomberg) — Iran’s oil exports dropped for a second month in October, data from a firm that analyzes satellite imagery of

November 6, 2023
Total Views: 1384

Tuesday, October 24, 2023
Aerial photo of an oil tanker at anchor. Stock Photo: Nickeo23/Shutterstock
Shipping

IEA Predicts Global Oil Demand Peaking This Decade

(Bloomberg) — Global demand for oil will reach its peak this decade, the International Energy Agency predicted for the first time, amid growing

October 24, 2023
Total Views: 1475

Sunday, October 8, 2023
Iranian crude oil supertanker "Delvar" is seen anchored off Singapore. REUTERS/Tim Chong
Shipping

As Israel-Hamas War Rages, Oil Traders Focus On Iran

By Grant Smith Oct 8, 2023 (Bloomberg) –As oil traders prepare for the market to open after the sudden eruption of war in Israel, one question is

October 8, 2023
Total Views: 2483

Thursday, September 28, 2023
Exxon Barred From Trucking Oil From California Offshore Platform
Shipping

Exxon Barred From Trucking Oil From California Offshore Platform

(Bloomberg) — Exxon Mobil Corp. won’t be able to revive oil platforms off the California coast by relying on trucks to ship crude to refineries on

September 28, 2023
Total Views: 3156

Wednesday, September 27, 2023
War Forces Grain and Oil to Travel Record Distances, UN Says
Shipping

War Forces Grain and Oil to Travel Record Distances, UN Says

(Bloomberg) — Buyers are shipping grains and oil from further and further away after Russia’s invasion of Ukraine disrupted traditional trade routes.

September 27, 2023
Total Views: 554

Tuesday, September 26, 2023
Laden crude oil tanker approaches the port of Qingdao, China in the morning fog. Photo credit: Shutterstock/Igor Grochev
Shipping

Mideast-Asia Tanker Rates Rebound, Capped by OPEC+ Supply Cuts

SINGAPORE, Sept 26 (Reuters) – The cost of chartering a supertanker to load Middle Eastern crude oil for Asia has rebounded from a 19-month low

September 26, 2023
Total Views: 371

Saturday, September 16, 2023
A satellite image shows port facilities in the aftermath of the floods in Derna. Photo Maxar?Technologies/Handout via REUTERS.
Ports

Libya’s Oil Production Remains Unaffected By Deadly Floods

By Hatem Mohareb (Bloomberg) –Libya’s state oil company said there has been no disruption to crude output following a storm that unleashed deadly

September 16, 2023
Total Views: 859

Friday, September 1, 2023
lng carrier
News

Big Tech’s Poaching of Oil Patch Workers Threatens to Snarl U.S. Gas Export Boom

(Bloomberg) — Jose De Hoyos is recruiting in the oil patch. He got his start meeting workers in Pennsylvania’s Marcellus shale basin. This month,

September 1, 2023
Total Views: 2103

Thursday, August 31, 2023
Stock photo of an oil tanker moored at sea
Shipping

Kazakhstan Diversifies Oil-Export Routes With Tanker Purchases

(Bloomberg) — Kazakhstan is buying tankers to ship its oil across across the Caspian and Black Seas, the latest sign that central Asia’s largest crude

August 31, 2023
Total Views: 1168

Tuesday, August 15, 2023
two tankers conduct ship-to-ship transfer
Shipping

Russian Oil Switched Between Tankers Off Spanish Enclave After Four-Month Hiatus

(Bloomberg) — Russia’s flagship crude oil was switched between tankers off the coast of a Spanish enclave in north Africa after a four-month hiatus in

August 15, 2023
Total Views: 13783

Friday, July 21, 2023
Iran Denies Oil on Tanker Seized by Indonesia Belongs to Tehran
Shipping

Iran Denies Oil on Tanker Seized by Indonesia Belongs to Tehran

DUBAI, July 21 (Reuters) – Iran‘s oil ministry said the oil cargo of an Iranian-flagged supertanker seized by Indonesia last week does not belong

July 21, 2023
Total Views: 5978

Sunday, July 16, 2023
Crew members check the deck of the Russian oil cargo Pure Point, carrying crude oil, anchored at a port in Karachi, Pakistan June 13, 2023. REUTERS/Akhtar Soomro/File Photo
Shipping

Oil Surge To $80 Shows Long-Awaited Market Tightening Is Here

By Grant Smith Jul 16, 2023 (Bloomberg) –Betting on a tighter oil market has been a bad trade for most of this year. But there are signs it’s

July 16, 2023
Total Views: 2441

Friday, April 21, 2023
two tankers conduct ship-to-ship transfer
Shipping

Ship-to-Ship Transfers of US Crude to Impact Global Oil Benchmark Pricing

By Sherry Su and Sharon Cho (Bloomberg) — US crude transferred from bigger to smaller tankers will contribute to pricing of the world’s most important

April 21, 2023
Total Views: 7852

Saturday, March 25, 2023
shutterstock_403068616 tanker nigeria
Offshore

Nigeria’s Unsold Crude Glut: What’s Behind It?

By Bill Lehane (Bloomberg) Nigeria is struggling to find buyers for its oil as strikes in the French refining sector and seasonal maintenance at plants

March 25, 2023
Total Views: 4503

Tuesday, March 7, 2023
An aerial view shows an SCF tanker at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022
Shipping

Russia’s Crude Exports By Sea Slide as Lucrative Pacific Trade Declines

By Julian Lee (Bloomberg) — Russia’s seaborne crude exports fell back sharply from the previous weeks’ highs, with Moscow unable to

March 7, 2023
Total Views: 1772
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